Oracle executives repeatedly said the company is insulated from the AI threat. It might be time for investors to listen.

Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325% year over year. Driving the increase was several "large-scale AI contracts" signed during the quarter.

Oracle reportedly planning massive layoffs involving thousands of employees as AI spending creates cash crunch. Job cuts could reportedly affect 18% of total workforce.

Oracle Corp. shares soared as much as 15% on Wednesday after the software and cloud services company reported strong sales and issued an outlook that suggests little letup in demand for AI computing.

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Cloud and AI growth beat expectations while investors grow less worried about Oracle’s debt plans and software disruption.

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort.

Reports of layoffs at Oracle suggest that thousands will be let go this month to free up resources for its AI data center expansion plans.

Oracle may be the canary in the coal mine. That line, from a CNBC segment recorded the day before Oracle’s most recent earnings report, carries more weight than a typical market soundbite. The warning is specific: a company sitting on a massive AI deal backlog,

Oracle on Tuesday predicted that the AI data ​center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.3% in extended trading.

A Cerebras deal from one of the world's top cloud providers could be a big boon for a company that's trying to hit the public market.